While refinancing should deliver the combination of flexibility, features and savings that’s just right for you, it’s important to ensure that the benefits outweigh the potential costs.
That’s why, before you switch your home loan, it’s a good idea to know the types of loans fees and costs that you may have to pay, which can change from lender to lender and loan to loan. Plus, don’t forget, you may have the cost of stamp duty to consider, which varies between each state and territory.
Refinancing your home loan could be the ideal time to review your insurance to ensure you’ve got the right cover in place. So, we’ve researched the cost of Mortgage Protection Insurance for you too.
The good news is, being in the know could help you save. If you are refinancing an investment property, there may be some tax deductions, such as the costs involved in setting up a loan and exiting it.
While there is much to consider, your local Aussie Broker will be with you every step of the way to help make refinancing as straightforward as possible and to make sure you get the home loan with the flexibility and features you need with the value you want.
In this chapter
Take the next step to refinancing
While refinancing should deliver the combination of flexibility, features and savings that’s just right for you.
There are many reasons you may choose to refinance your home loan, it can be an opportunity...
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Proud Aussie moments
Hear from our customers who bought their first home with the help of Aussie
"We refinanced our loan and changed banks through Aussie. Rochelle tailored our loan to suit our circumstances. We secured a great interest rate for our mortgage and also managed to pay off our other household debt. She made the process of leaving the other bank stress free. We are happy that we changed and were able to be well assisted to do so. "
-Craig S, QLD.